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Our Factsheet
Growing the business since 1958
In Summary: Day after day, Budget employees and operators at approximately 2,700 locations in more than 120 countries help support our vision, mission and values.
Quick History
Budget Rent A Car was founded by Morris Mirkin in 1958 with a $24,000 investment. The company name was chosen to appeal to the “budget-minded” or “value-conscious” renter. In 1959, in an effort to grow the business, Mirkin appealed to a distant relative, Jules Lederer, president of a Chicago-based manufacturer of writing instruments, for additional financing. Lederer formed a leasing company and leased new vehicles to Mirkin. In 1960, Lederer formed Budget Rent A Car Corporation in Chicago. The company then grew rapidly, both nationally and internationally.
In 1986, Gibbons, Green and van Amerongen Ltd. along with management and selected investors purchased Budget from Transamerica Corp. in a LBO transaction. Budget made an initial public offering of 3.2 million shares in 1987.
In 1992, Budget moved downtown Chicago headquarters to Lisle, Ill.
In April 1997, Budget was bought by Team Rental Group, Budget’s largest franchisee in the United States and changed its name to Budget Group, Inc. Budget Group began trading on the NYSE that year.
In 1997, Budget unveiled “Unlimited Budget” a travel agent loyalty program through which members receive a free Unlimited Budget debit MasterCard card and earn points (dollars) for completed bookings.
In 1998, Budget introduced “Fastbreak,” Budget’s express service with paperless transaction.
In 2002, Budget Group was delisted from the NYSE and sold Budget Rent A Car assets in the United States, Canada, Latin America, Caribbean, Australia and New Zealand to Cendant Corporation. Other worldwide assets were sold to Avis Europe, Plc. Later, Cendant moved Budget headquarters from Lisle, Ill. to Parsippany, N.J.
In 2006, Cendant Corporation separated into four independent companies: Realogy, Wyndham Worldwide, Travelport and Avis Budget Group, Inc. As a result, Budget Rent A Car System, Inc. is now a subsidiary of Avis Budget Group.
In 2011, Avis Budget Group, Inc. acquired Avis Europe plc. The transaction re-unites Avis Budget Group with its licensee for Europe, the Middle East, Africa and Asia.
About this location:
Location
Sacramento – Fulton Ave
Additional Travel Information
Choose from a selection of Budget rental cars, and make getting around California’s capital city easy. Whether you are taking a last-minute weekend trip, visiting family from out of town or coming to California for a special occasion, having access to a Sacramento rental car deal is essential. Forget about waiting for a bus in the rain. Don’t worry about missing the last train to your destination. Leave your own gas-guzzler behind. Grab the keys to your rental car, and get where you need to go on your own schedule. The Budget car rental on Fulton Avenue can match you with the right vehicle for any length of stay.With one of the Fulton Avenue Sacramento car rentals, you can tour the city in style and comfort. Load the family into a minivan for a Kings basketball game, a trip to the Crocker Art Museum or a day at Sutter’s Fort. Drive your fuel-efficient SUV into Old Sacramento for landmark entertainment, including a train ride at the largest railroad museum in North America. Slip into a luxury sedan for an evening at one of the Sacramento Convention Center’s many theaters. Budget Fulton Avenue offers economy and specialty vehicles to fit most lifestyles. Budget Fulton Avenue Sacramento is a participating Fastbreak location. Sign up for Fastbreak, you can save your rental preferences and signature in advance, flash your license, grab your keys and go. Use Sacramento car rentals to take some of the stress out of your next vacation. Visit us at budget.com to book your next affordable vehicle from Budget Rent a Car Fulton Avenue.
Additional Location Information
Select from a wide variety of vehicles at Budget Sacramento – Fulton Ave, check out the latest Sacramento – Fulton Ave Car Rental Deals, and be confident that you are getting the best rental rates in California !
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